Applications Bulletin

District 9
Federal Reserve Bank of Minneapolis

Instructions for commenting on applications

Applications and notifications filed during the week ending Saturday, May 24, 2008

Type Application Ending date of
comment period
* 3A3

Charter Bankshares, Inc., Eau Claire, Wisconsin, to acquire 100% of Peregrine Corporation, Chaska, Minnesota, and thereby indirectly acquire Community Bank Corporation, Chaska, Minnesota.

Newspaper - Not available

Fed Reg - 06/13/2008

* 3A5

Hatton Bancshares, Inc., Hatton, North Dakota, to acquire 100 percent of Mahnomen Bancshares, Inc., Mahnomen, Minnesota, and thereby indirectly acquire First National Bank in Mahnomen, Mahnomen, Minnesota.

Newspaper - Not available

Fed Reg - 06/05/2008

*Subject to the provisions of the Community Reinvestment Act.

Availability of CRA public evaluations

The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR 228). The regulation was revised in May 1995.

The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is taken into account in considering an institution's application for deposit facilities.

A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.

Federal bank regulators use the following performance levels to rate an institution's performance under CRA:

O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance

The following state member banks have been examined and their CRA public evaluations are now available.

RSSD number Institution/Location Exam date CRA public date CRA rating Exam type

CRA examinations scheduled for Third Quarter of 2008 (July 1, 2008 - September 30, 2008)

Institution Location
Dacotah Bank Aberdeen, South Dakota
First Western Bank and Trust Company Minot, North Dakota
Glacier Bank Kalispell, Montana
Valley Bank of Helena Helena, Montana
Western Security Bank Billings, Montana
Yellowstone Bank Laurel, Montana
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